How can i sell my old car with no insurance

davemorton

mrscb wrote: »

I was told with fully comp insurance you could drive other cars and be covered 3rd party BUT only if that car is insured.....

Must admit, thats what I thought, but I am willing to be corrected....Cant you take a new policy out over the internet, dont you get a week or two cooling off period where, if you dont claim, you can get a full refund buy saying you have changed your mind and you dont want to insure with them??

dacouch

mrscb wrote: »

I was told with fully comp insurance you could drive other cars and be covered 3rd party BUT only if that car is insured.....

You should not take everything you are told in the pub as gospal, a small minority of Insurers insist the other vehicle must be Insured, the vast majority do not specify it.

davemorton

dacouch wrote: »

You should not take everything you are told in the pub as gospal, a small minority of Insurers insist the other vehicle must be Insured, the vast majority do not specify it.

So in theory, I could buy a ferrari, put it in my friends name, and drive it around (3rd party only) on the insurance for a Ford Ka??? Seems madness.
I realise that they would only pay out for the other car, but if this is the case, why dont all the young drivers out there, buy the cheapest old group 1 banger they can find and insure it fully comp, then get a decent car, who's insurance is usually out of their reach, and more than the value of the car, and then drive it third party?
(Not disagreeing with you at all as I dont know the facts, its just that I cant understand how they can do this, and I might have to re-consider how I insure the 3 cars I have insured at the moment.)

lindseykim13

davemorton wrote: »

Cant you take a new policy out over the internet, dont you get a week or two cooling off period where, if you dont claim, you can get a full refund buy saying you have changed your mind and you dont want to insure with them??

I hadn't thought of that might well be a possibility problem is getting your money back though isn't it we all know what these ins companies are like! I couldn't even do a monthly as they need a nice sum deposit before the payments start.

Opened up a can of worms here i thinks

dacouch

davemorton wrote: »

So in theory, I could buy a ferrari, put it in my friends name, and drive it around (3rd party only) on the insurance for a Ford Ka??? Seems madness.
I realise that they would only pay out for the other car, but if this is the case, why dont all the young drivers out there, buy the cheapest old group 1 banger they can find and insure it fully comp, then get a decent car, who's insurance is usually out of their reach, and more than the value of the car, and then drive it third party?
(Not disagreeing with you at all as I dont know the facts, its just that I cant understand how they can do this, and I might have to re-consider how I insure the 3 cars I have insured at the moment.)

The reason young drivers do not do it is because no Insurer (Apart from Quinn) cover drivers under 23 to drive other peoples cars, I cannot understand why they would not include it...

You cannot drive around in your own vehicles on your driving other cars section as it will exclude cars you own and quite possibly cars your partner or wife own

dacouch

lindseykim13 wrote: »

I hadn't thought of that might well be a possibility problem is getting your money back though isn't it we all know what these ins companies are like! I couldn't even do a monthly as they need a nice sum deposit before the payments start.

Opened up a can of worms here i thinks

This is feasible if slightly dubious, some Insurers / brokers have a fee if you cancel under the 14 day cooling off period, if you have a claim in the 14 days you are liable for the FULL ANNUAL premium

davemorton

Well I must thank you dacouch. I had always thought the car needed to be insured. It quite possibly could change the way I insure things from now on. At the moment I am paying for 3 fully comp policies, and one of the cars only needs to be third party.

dacouch

dave the driving other cars excludes cover for any car you own and may exclude cover for cover for vehicles your wife or partner owns.

If you do reregister the car and rely on your driving other cars you will have to bear in mind you will need insurance in place when your tax is due. In addition it will flash up as not being insured when you go past police number plate reading cameras so are likely to be stopped by the police. Also bear in mind if you do reregister it and have a claim, if your Insurers discover you were the previous owner they may decline the claim on the basis they believe you are technically still the owner of the vehicle and have just reregistered it to drive it on your driving other cars extension (It is possible they will discover this as alarm bells will ring when they discover the vehicle is not insured so there is a good chance they will investigate).

So if you do decide to go down this path check your policy and keep checking it each year as some Insurers are starting to stipulate in their wordings the vehicle has to be insured. In addition some Insurers and the some Police Forces are pushing for the driving other cars extension to be scrapped all together as of people doing what you are thinking and the problems the driving other cars extensions causes for the police enforcing the no insurance crack downs as they tend to rely on the insurance database to confirm cover.

dacouch

Dave, who are you insured with and I will show you the relevant wording for your current Insurer eg whether it stipulates the car must be insured or whether it excludes vehicles your wife / partner owns

lindseykim13

I'm with co-op(cis) and i've checked the full wording/policy and it says i can drive other cars third party that arn't owned by the reg driver ie me. No mention of that car not being able to be owned by the spouse or the car itself needing to be insured. So i think i could be covered for it although i still would prefer another way as it seems a little dodgy. I would say that part of the policy is meant for more the purpose of driving a friends car for the day etc rather than a long term way of getting out of insurance as i still don't feel comfy with it even for a short time. So i'll more than likley give a few garages a call and see if there interested before taking out a one dayer insurance and taking it round to them.
Same option applies to an auction and if all else fails i'll sell it as it is ie no test drive on ebay etc.